Economy

Merrill Lynch has transitioned more than $100 billion onto its new platform, Merrill Lynch One, which executives say is the biggest technology upgrade in decades.

Increased operating expenses and higher than anticipated regulatory costs and fines contributed to a 4.4% drop in second-quarter net income at LPL Financial.

The $400,000 Social Security question; Generating income in low-yield world; When conventional wisdom is good enough

Entrepreneurial advisors are leaving the wirehouses and constructing new business models the industry hasn't seen. But before joining these trailblazers, other advisors should think about what it is they want to change.

UBS Wealth Management Americas reported record revenues of $1.89 billion, but profits slipped 3% year-over-year, due in part to higher compensation expenses.

After leaving LPL for NFP, Washington Wealth brings its breakaway advisor total to seven for the year thus far.

HighTower has expanded its West Coast market by picking up an independent team with $400 million in assets in Bellevue, Wash.

Merrill Lynch's expanding financial boot camp deepens relationships by helping wealthy clients ensure that the family fortune lasts beyond this generation and the next.

Raymond James is launching a new education campaign to arm the firm's advisors with tools and techniques based on research from MIT's AgeLab.

As the firm pursues growth, Raymond James executives are striving to maintain its intimate feel and regional firm culture.

Record quarterly profits of $122.7 million were boosted in part by the performance of the regional firm's private client group.

Midwest assistant regional director Matt Ransom has been promoted to vice president of new financial advisor training and development for its HNW education and practice management team.

A veteran advisor has left Morgan Stanley for a Chicago-based boutique investment firm where he will oversee $300 million in client assets.

Optimism abounds in an increasingly crowded market for servicing breakaway advisors.

Securities America will acquire assets of a Missouri-based full-service broker-dealer with 368 advisors and $2.4 billion in client assets.

Two financial advisors have left Wells Fargo to join Raymond James Financial Services, the regional's independent broker/dealer.

Despite their smaller size, these boutique IBDs outperform on several desirable metrics.

Raymond James has lured away two advisors managing $100 million in client assets from UBS.

The panel is comprised of seven public members and six industry representatives, pulling together advocates, attorneys, regulators and executives from firms such as Citigroup, Morgan Stanley and Securities America.

Assets under management at UBS rose to $1.97 trillion, cementing its No. 1 spot in the ranking by Scorpio Partnership, a London-based consultancy.